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Tim Baker

Coinbase joins Linux Foundation to launch x402 Foundation for HTTP 402 payments

On April 2, 2026, Coinbase Global (COIN) joined the Linux Foundation to formally establish the x402 Foundation, a nonprofit set up to steward an open-source protocol built around HTTP 402 "Payment Required". The X402 protocol turns the long-unused status code into a machine-readable payment flow that lets websites, APIs, and autonomous AI agents price and settle requests via digital wallets, including stablecoin-based settlement such as USDC.
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